Aviation

FG invested $12.5m in Nigeria Air

The Federal Government’s 5% ownership in Nigeria Air, the country’s national airline, is worth $12.5 million. According to Nairametrics, this was disclosed by the Transaction Adviser to the project, Prof. Tilmann Gabriel. According to him, the Nigerian government invested $12.5 million as launch capital for the airline, asserting that the investment was in keeping with […]